Section 1: Functions, Powers and Duties of the Central Bank of Nigeria.

(1) The Central Bank of Nigeria (in this Act referred to as "the Bank") shall have all the functions and powers conferred and duties imposed on it by this Act.
(2) The Bank may authorise or instruct any officer or employee of the Bank to perform any of its functions, exercise any of its powers or discharge any of its duties under this Act.
(3) The Bank may, either generally or in any particular case, appoint any person who is not an officer or employee of the Bank to render such assistance as it may specify in the exercise of its powers, the performance of its functions or the discharge of its duties under this Act, or the Central Bank of Nigeria Act, or to exercise, perform or discharge the functions and duties on behalf of, and in the name of, the Bank.
(Act No. 7, 2007.)